Latin American Economy & Business - June 2018 (ISSN 1741-7430)

After a major run on the Argentine peso the government announced on 8 May that it was seeking a financial support agreement with the International Monetary Fund (IMF). According to unofficial reports the total package could be worth around US$30bn. There are at least two scenarios for what happens next: love (a successful stabilisation and resumption of growth for the economy) or war (a return to the long and acrimonious history of failed austerity programmes). Here we look at the prospects.